Let's understand the Reports - Market Behaviors Page in TradeZella.
Your Market Behaviors Page can be found by visiting the Reports - Market Behaviour Page.
Market Movement Reports
The Market Movement reports helping us understand how we trade under different market conditions. Do you trade better/worse on days when there's more movement in the market?
Distribution by Movement in Percent: This report shows your trade count grouped by the total movement of the SPY ETF on your trade entry date.
The total Movement of the SPY ETF is the difference between the current day's close and the prior day's close.
Performance by Movement in Percent: This reports show your total P/L grouped by the total movement of the SPY ETF.
Tip: Click on each bar to be taken to a filtered view of those trades the report is reflecting.
Market Opening Gap Report
The Market Opening Gap report helps us evaluate our trading performance based on how the overall market (SPY) moved on our trade entry date.
What is a Gap?
Gaps are areas on a chart where the price of a stock opens above or below the previous day's closing price.
Trade Distribution by Opening Gap Type: This shows your trade count grouped by the SPY ETF gap on the market open on the entry date of your trade
Performance by Opening Gap Type: This shows your P&L amount grouped by the SPY ETF gap on the market open on the entry date of your trade.
Your trades are grouped into three different opening gap ranges.
Gap Up: When the opening price is greater than yesterday's high price.
Gap Down: When the opening price is less than yesterday's low price.
Flat: When there wasn't a gap up or gap down, however, there was slight price movement.
Market Day Type Report: Market Behavior
The Market Day Type Report shows your trade count grouped by the movement of the SPY ETF on the entry date of the trade
Distribution by Day Type: This shows your trade count grouped by the movement of the SPY ETF on the entry date of the trade.
Performance by Day Type: This shows your total trade P/L grouped by the movement of the SPY ETF on the entry date of the trade.
Day types are categorized as follows:
Inside Range Day: When the trading range was within yesterday’s price range
Trend Up Day
Trend Down Day
Outside Range Day
Tip: Click on one of the bars from the report to be taken to a filtered view of those trades the report is reflecting.